Phased withdrawal

As an Independent school you have the right to leave the Teachers’ Pension Scheme, or become an accepted phased withdrawal school, however you must consider the benefits that members will be missing out on.

For either option you’ll have to consult your staff and trade unions where appropriate and advise that there may be changes to their contract of employment.

You’ll also need to provide an alternative pension scheme, the type of which is up to you, but you should be aware that members can’t transfer their existing pension unless it’s to another defined benefit scheme. New employees will join this Scheme if you choose to be a phased withdrawal school.

The various steps you need to complete in order to leave the Scheme can be found in our checklist.

Read our Leaving the Teachers’ Pension Scheme checklist.

We’ve also created phased withdrawal guidelines for those of you who want to take the phased withdrawal option.

Last Updated: 15/10/2021 08:34

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